Brief: North Queensland Metals

North Queensland Metals
has signed a heads of agreement with
Consolidated Tin
to consolidate their respective tin assets in Herberton in north Queensland. In return for transferring the assets NQM will receive 25 million CSD shares, $500,000 cash and a royalty of 2 per cent based on mineral production by CSD from all NQM tenements transferred to CSD and EPMs 14016 and 16231.